B DEF G H 1 Comparative information taken from the London Antiques Corporation financial statements is shown below: 2 2022 2021 3 1 Notes receivable $80,000 S-0 4 2 Accounts receivable 182,000 140,000 5 3 Retained earnings 49,000 -40,000 6 4 Sales 930,000 750,000 7 5 Operating expenses 170,000 200,000 8 6 Income taxes payable 95,000 70,000 9 10 Instructions 11 Using horizontal analysis, show the percentage change from 2021 to 2022 with 2021 as the base year. 12 13 1 2 15 3 16 4 17 5 18 6 19 20 21 22 14